Boeing strike costs set to soar if labor dispute drags on

Published On Sep 20, 2024, 6:00 AM

Boeing is facing significant financial losses due to a strike by about 33,000 unionized workers that began recently. The work stoppage has already cost the company and its shareholders approximately $571 million, with potential costs rising if the strike continues. Experts suggest the strike may last at least two to four weeks, possibly longer, impacting Boeing’s production capacity and making it more vulnerable in an already challenging market against competitors like Airbus. Analysts note that if the strike continues, Boeing might struggle to return to normal operations, which could further escalate costs and production issues.